Binance CEO Teng Sees ‘Landmark’ Year as Crypto Goes Mainstream
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This is turning out to be a “landmark year” for the crypto industry, Binance Holdings Ltd. Chief Executive Officer Richard Teng said, thanks to growing regulatory clarity, more mainstream adoption and the launch of exchange-traded funds tied to Bitcoin.
Customer assets on Binance’s cryptocurrency exchange have grown by $42 billion in 2024 as crypto prices rebounded, Teng said in an interview on Thursday. Binance has reached 200 million registered users this month, though Teng declined to say how many of those were actively trading on the platform. A spokesperson for the company added that monthly active users increased by 12.5% from February to May.